Explain the new industrial policies in india upsc geography
Answers
Answer:Industrial Policy
Industrial policy is a document that sets the tone in implementing, promoting the regulatory roles of the government. It was an effort to expand the industrialization and uplift the economy to its deserved heights. It signified the involvement of Indian government in the development of industrial sector.
With the introduction of new economic policies, the main aim of the government was to free the Indian industry from the chains of licensing. The regulatory roles of the Indian government refer to the policies towards industries, their establishments, their functioning, their expansion, their growth as well as their management.
Industrial growth of a country is guided and regulated through its industrial policies. Let’s understand the journey of various industrial policies